WEST HOBART

12 WATKINS AVENUE

THIS classic 1950s West Hobart home is as large as it is impressive.

Located just minutes from the city centre in thriving and ever popular West Hobart, this four-bedroom property is set on a significant 1159sq m of land with two titles.

This inner-city property was purpose built to accommodate its owner while also providing two custom built singlebedroom apartments.

The apartments would be fantastic for an owner that wishes to provide family lodging for an elderly parent or a young adult in need of their own space.

Given its location, it would certainly be popular for those looking to rent in the area.

The property is in very sound condition and still retaining character features and hallmarks of its vintage.

It currently hosts good tenants who have resided here for several years.

Unit No.3 is the largest of the group with a floorplan that offers three bedrooms, a bathroom with a separate shower and bath tub, a living room, a neat kitchen/dining space, a sunroom and a covered porch. It has two carports and additional storage space, also.

Units No.2 and No.1 provide a single bedroom each alongside a living room, kitchen/dining area and a bathroom with a tub.

No.1 also has a covered veranda.

These units also have a carport.

The property avails itself of the potential to subdivide with an opportunity existing to free up 600-700sq m for development, STCA.

The possibility of making a boundary adjustment/variation between the existing titles creates an even more realistic chance to use this vacant space.

PRD Hobart property representative Julian Stepik said the property was “an opportunity for the astute investor/ developer to acquire one of the few remaining inner-city properties which provides a sound investment income and the chance to untap up to 700sq m of developable land”.

“A find like this could be compared to locating that elusive needle in your haystack,” he said.

The icing on the cake is that the property is within a comfortable walk of the CBD and North Hobart’s restaurant strip.

So close to town, the property also boasts elevated views across the city.

Inspection of No.12 Watkins Ave is by appointment only.

New realestate.com.au data shows solid growth in West Hobart’s house sector of the market. In the past 12 months the median has grown by 3.5 per cent across 72 sales.

However, with 15 sales the unit market, shot up by 30.9 per cent annually.